Centuria Property Funds Limited (CPFL) as Responsible Entity of Centuria Metropolitan REIT (ASX: CMA) is pleased to provide CMA’s operating update for Q1 FY20.
KEY HIGHLIGHTS
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Terms agreed1 for 8,168 sqm of leasing (3.0% of portfolio NLA) across nine separate deals
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High occupancy2 maintained at 99.0%, WALE3 at 4.8 years
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Assets under management (AUM) expanded to $1.8 billion4
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Entered into agreements to acquire interests in two A-grade office properties in fringe CBD locations across Sydney and Perth for a total purchase price of $380.5 million5
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An oversubscribed equity raising for approximately $273 million6
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